Air China reports net profit down, summer demand up in 3Q

Air China reported a net profit of CNY6.5 billion ($946 million) for the first nine months of 2018, down 20% year-over-year (YOY), the highest earnings among the country’s three main carriers.
Revenue for the 9-month period was CNY102 billion, up 12% YOY. Operating profit was down 23.5% to CNY95.7 billion. The lower profit margin was because of increased operating costs, which was up by 19.5% to CNY96.3 billion.
For the first nine months of 2018, Air China’s capacity ...

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